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Global Reach

Global Reach

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October 18th 2012:A World Awash In Debt: What the U.S., Europe and their Chinese Enablers Need to Do to Refloat their Economies

The world is awash in unsustainable levels of debt, says Charles Kolb, President of the French-American Foundation; and that debt is damaging the economies and stability of the US, Europe—and their enabler, China. All three need to seriously rethink their economic models and restructure tax and spending policies. With massive personal, mortgage and student debt, over-leveraged American consumers may no longer be able to drive that economy. The US needs to reconfigure a tax code which favors consumption over savings and productive investment. China needs to do the reverse; facing a series of in

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Charles E.M. Kolb

Charles Kolb was President of the French-American Foundation—United States, located in New York City, from August 2012 until August 2014. The French-American Foundation is the only non-governmental organization in the United States dedicated specifically to strengthening the relationship between the two countries. It does so by bringing together leaders, policymakers and a full range of professionals to exchange views, share best practices, and consider how each country might benefit from the expertise and experience of the other. Prior to joining the French-American Foundation, he was President of the Committee for Economic Development (CED) from 1997 to 2012 and served as General Counse
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